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About this home
See video tour and interactive floor plan at virtual tour link. Welcome to this bright and inviting two-bedroom townhome. It is pet friendly, rentals are allowed, and offers an appealing combination of privacy, generous living space, outdoor living, and thoughtful updates. Located on the upper level, the home enjoys added privacy and less noise, along with wonderful natural light and views overlooking a beautifully maintained shared courtyard framed by mature trees. The spacious living room is centered around a handsome brick wood-burning fireplace, bringing warmth and character to the heart of the home. Large Andersen windows and the nearby patio door fill the space with natural light, while the open connection between the living and dining areas gives the home an airy, comfortable feel. The kitchen features stainless steel appliances, including a refrigerator, dishwasher, electric range, vent hood, and microwave, along with a pull-down faucet. A convenient pass-through with counter seating connects the kitchen to the living spaces, while the separate dining area provides plenty of room for meals and entertaining. One of the home's best features is the large private deck overlooking the courtyard. Surrounded by mature trees and greenery, it feels like a peaceful extension of the living space—perfect for morning coffee, outdoor dining, or simply relaxing and enjoying the view. A magnificent mature maple tree provides shade and a beautiful backdrop throughout the seasons. Both bedrooms offer comfortable proportions and excellent closet space, while **two mini-split systems—a valuable feature not commonly found in other units—**provide added comfort alongside the home's baseboard heat. An energy-efficient A. O. Smith Signature 900 electric heat-pump water heater and in-unit LG ThinQ stackable washer and dryer add modern efficiency and everyday convenience. Storage is surprisingly abundant throughout the home, complemented by a private garage. The location may be one of the best features of all. Wood Lake Nature Center and Richfield Lake Park are just steps away, putting trails, nature, and beautiful green space practically outside your door. Yet everyday conveniences are equally close, with shopping just blocks away offering groceries, restaurants, medical services, and nearly everything you need. With its sun-filled upper-level setting, open living spaces, wood-burning fireplace, expansive deck, leafy courtyard views, thoughtful upgrades, and exceptional location, this townhome offers a wonderful balance of nature, convenience, and easy everyday living.
Northwest Richfield, located between Interstate 494 and Minnehaha Creek, is a residential and park-adjacent Richfield neighborhood with mid-century ramblers and a grid of calm, tree-lined streets. The neighborhood’s character concentrates around the Penn Avenue S and W 66th Street corridor, where small storefronts, service counters, and everyday errands set a steady, lived-in rhythm. Postwar one-level homes and tidy duplexes sit alongside pocket parks and school grounds that break up the blocks. Veterans Memorial Park and nearby trails shape a walk-and-roll routine, while the creek corridor adds a softer edge to the built landscape. Local staples such as Patrick’s Bakery & Café, Sandy’s Tavern, and the Richfield Farmers Market act as familiar gathering points across the week.
Provided by Walk Score and Local Logic
Market insights
1005 Rae Dr #8 · $209,000
DAYS ON MARKET
1 days
The average home goes pending in 57 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
LIST PRICE
$209,000
Median sale price in this area is $203,815. (2% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Kitchen window
Natural woodwork
Walk-in closets
Bedrooms
2 bedrooms on the main level
Bathrooms
1 full main-level bathroom
Primary bedroom walk-through bathroom
Jack-and-Jill bathroom
Kitchen
Dishwasher
Electric range
Microwave
Refrigerator
Stainless steel appliances
Eat-in kitchen
Laundry & utility
In-unit, main-level laundry
Washer and dryer
Washer/dryer hookup
Electric water heater
Flooring
Tile floors
Heating & cooling
Baseboard heating
Ductless mini-split heating and cooling
Exterior features
Deck
Wood exterior
Light tree coverage
Home design
Attached property
One level
Parking
Assigned parking
One garage space
Asphalt parking
Garage door opener
Guest parking
Security
Indoor sprinkler system
Construction
Frame construction
Pitched roof, 8 years old or newer
Block foundation
Utilities
City water
City sewer
Electric service with circuit breakers and 100-amp service
HOA & community
Monthly HOA fee of $447
HOA includes hazard insurance, lawn care, grounds maintenance, parking, professional management, sewer, shared amenities, snow removal, and water
Electricity and solar
View estimated energy costs and solar savings for this home
Beautiful second floor end-unit condo with private entrance and a spacious open floor plan! Sun filled living room features a cozy wood-burning fireplace with brick surround and access to the large deck. Fantastic kitchen only steps away with tons of natural light, brand-new stainless steel appliances, breakfast bar seating and adjoining informal dining space. Large primary bedroom includes a walk-in closet, make-up vanity with sink and access to the walk-thru bathroom. Full size bathroom with large vanity, tile floors and tub/shower combo. Additional bedroom with French doors to the living room - could easily be used as an office, or reading nook. Convenient in-unit laundry featuring brand-new stackable washer and dryer. 1 car detached garage + close to Richfield Lake Park, Wood Lake, shopping, dining, and convenient access to I-35W and Hwy-62.
Public Records
Mar 1, 2022
Sold
$187,000
$176/sq ft
NORTHSTARMLS as Distributed by MLS Grid #6134121
Feb 28, 2022
Sold
$186,500
$176/sq ft
Feb 3, 2022
Pending
—
Jan 28, 2022
Contingent
—
Jan 18, 2022
Price Changed
$194,900
$184/sq ft
Dec 16, 2021
Relisted
—
Dec 14, 2021
Contingent
—
Dec 9, 2021
Listed
$200,000
$188/sq ft
Public Records
Jun 17, 2020
Sold
$118,488
$112/sq ft
Public Records
Nov 29, 2016
Sold
$118,488
$112/sq ft
NORTHSTARMLS as Distributed by MLS Grid #4105354
Feb 16, 2012
Sold
$71,500
$67/sq ft
Jan 24, 2012
Listing Removed
—
Nov 28, 2011
Listed
$79,900
$75/sq ft
Public Records
May 1, 1982
Sold
$75,900
$71/sq ft
Public Records
Feb 1, 1980
Sold
$65,900
$62/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$2,656 (+1.0%)
2025
$2,629 (+5.7%)
2024
$2,486 (+6.9%)
2023
$2,325 (+7.7%)
2022
$2,160 (+20.3%)
2021
$1,796 (−2.0%)
2020
$1,833 (+10.3%)
2019
$1,662 (+15.9%)
2018
$1,434 (+9.9%)
2017
$1,304 (+26.0%)
2015
$1,035 (+0.5%)
2014
$1,030 (−23.8%)
2013
$1,352 (−3.6%)
2012
$1,404
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1990
Finished Sq. Ft.
1,062
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,062
Year built
1980
Style
Condo/Co-op
County
Hennepin County
APN
28 028 24 14 0053
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 17, 2026.
PMR
Planned Multifamily Residential District
Planned unit development PUD regulations provide an opportunity for innovative and creative development, while assuring that the development will complement existing neighborhood character. These regulations allow flexibility beyond that allowed by other zoning districts, if the proposed development is well designed and can be successfully integrated into the neighborhood. Planned developments provide flexibility in the application of the zoning code as it pertains to dimensional requirements, density and land uses without the use of the variance procedure of the code. Planned developments are also intended to encourage the efficient use of land and resources, to promote efficiency in public and utility services, and to encourage innovation in the planning and building of all types of development.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Richfield, MN • 55423
Average low and high temperatures (°F)
22
7
30
14
49
29
58
39
71
51
79
62
86
69
80
65
76
59
65
48
45
32
29
15
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
3.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1005 Rae Dr #8
$208,909
$91 under list price of $209K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $160K to $225K.